Hong Kong is often criticized as getting an offshore tax haven. The truth is, it is not a tax haven but only a minimal tax jurisdiction. This check out has also been endorsed by the OECD.
Importantly, it is the accountability in the Hong Kong company to get administrators’ approvals on this kind of paperwork and present them to all shareholders of the company. The deadline for the presentation is within 21 times ahead of AGM.
Even so, the most typical sort of small business entity in Hong Kong may be the non-public confined company, which limitations the legal responsibility with the shareholders to the funds subscribed.
The main position When picking an agency is finding another person you rely on. This is certainly company In the end, and particularly if You aren't situated in Hong Kong you should have a person right here who “has your again”.
This need is obligatory, no matter if the company experienced any dealings. In these kinds of scenario, a “destructive tax-return” should be organized which doesn't must be Licensed by an auditor. In case of non-compliance, the Inland Profits Division may well choose felony courtroom proceedings towards the company.
Reduce your trademark from being attacked on the basis of non-use by making use of it within just 3 yrs from the actual registration date.
Provides whole access to all facets of the account at branches, on the web through cell and computer applications, and ATMs
With or with no virtual Place of work, your company will still have its registered tackle within the place of hong kong company incorporation cost incorporation.
Although not each individual bank will do this, some may well levy unique account costs on every one, as opposed to a ‘common’ charge for The entire company. That is something that really should be clarified When selecting the bank.
Becoming Probably the most appealing jurisdictions for organization start out-up and enhancement, Hong Kong Authorities is serious about the yearly compliance obligations. You ought to be mindful of the annually filing to stop unanticipated penalties.
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The massive dilemma comes up with the amount does it cost to keep up a Hong Kong company on an ongoing foundation? Take a look at my substantial blog site write-up on costs to maintain a Hong Kong company if you'd like to go into additional details, but Below are a few highlights.
An agency is really a company in Hong Kong who will help perform along with you from the beginning to the end of a company setup. Shameless plug
Provision of electronic copies from the company registration documents and a single set of CPA certified genuine copies.